E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers M > Headlines for Metropolitan Bank & Trust Co. (Metrobank) > News item
Published on 5/6/2021 in the Prospect News Emerging Markets Daily.

Metrobank offers PHP 10 billion 5¼-year bonds with 3.6% coupon

By Marisa Wong

Los Angels, May 6 – Philippines’ Metropolitan Bank & Trust (Metrobank) is planning to issue PHP 10 billion of 5¼-year fixed-rate bonds with an option to upsize.

The bonds will carry a coupon of 3.6%.

The offer period will run from May 6 to May 24.

First Metro Investment Corp. and Hongkong and Shanghai Banking Corp. Ltd. are the joint lead managers and joint bookrunners and, along with Metrobank, selling agents.

Metrobrank expects to list the bonds on the Philippine Dealing Exchange on June 4.

Proceeds will be used for working capital needs and to diversify the bank’s funding sources.

Metrobank is based in Makati City, Philippines.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.